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Gulf Coast Restoration Team Looks to New Orleans Entrepreneurs for Help

September 29, 2015

The Gulf Coast Restoration Council is charged with figuring out how best to spend an $800 million settlement from drilling company Transocean Deepwater, the amount paid out for its part in the 2010 BP Deepwater Horizon oil spill in the Gulf. Last month, the Council released a list of proposed conservation projects totaling $140 million, and this week officials gathered local entrepreneurs and businesspeople in New Orleans to give them more details on how the money will be spent — and to ask for help.